Technical Analysis (1-Hour Chart)
$WLFI 1. Trend & Moving Averages
The price is currently in a short-term uptrend, characterized by higher highs and higher lows.
* MA(7) (Yellow): Currently at 0.1433, slightly above the current price, acting as immediate overhead resistance.
* MA(25) (Pink): Located at 0.1422. The price is currently testing this level. If the candle closes below it, momentum may shift bearish.
* MA(99) (Purple): At 0.1358. This is a critical support level. As long as the price stays above this long-term moving average, the overall structure remains bullish.
2. Price Action & Key Levels
* Resistance: The recent peak at 0.1476 is the primary hurdle. A breakout above this level with high volume would signal a continuation of the rally toward the 0.155 zone.
* Support: Immediate support is at 0.1400 (psychological level). Stronger historical support lies at 0.1300, where the trend began its latest impulsive move.
3. Volume Analysis
The volume bars show a significant spike during the pump to 0.1476, indicating strong buyer interest at that level. However, the current consolidation is happening on decreasing volume, which is healthy—it suggests that sellers are exhausted and the market is "cooling off" before the next expansion.
The Verdict: Prediction for the Next Move
Bullish Scenario (65% Probability)
The price is currently undergoing a "healthy correction" after a sharp rally. We expect the price to consolidate between 0.1400 and 0.1440 in the next few hours.
* The Move: Once the price stabilizes above the MA(25), a retest of the 0.1476 resistance is likely.
* Target: A successful breakout could push the coin toward 0.1520 – 0.1550.
Bearish Scenario (35% Probability)
If the price fails to hold the 0.1400 mark, we may see a deeper retracement.
* The Move: A breakdown below the MA(25) could lead the price back toward the MA(99) area at 0.1360.
* Target: A re-accumulation phase near 0.1300.
Summary Table
| Level Type | Price Point | Significance |
|---|---|---|
| Primary Resistance | 0.1476 | Recent high; breakout target. |
| Current Pivot | 0.1419 | Deciding point for short-term bias. |
| Key Support | 0.1400 | Psychological floor to maintain bullish structure. |
| Strong Support | 0.1358 | MA(99) – The line in the sand for the uptrend. |
#WLFI #BinanceHODLerYB #USJobsData #USCryptoStakingTaxReview #AltcoinSeasonComing?